I hear from a little birdie someone just merged $BTC v26.2 (11 months old) into $DGB v8.22.2 to create DigiByte v8.26.0 & is now doing a 1st sync. v8.26.0 w/ many new features, bug fixes, speed increases & full GUI Taproot support. 😎 24,428 commits worth of new features! 🤯
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Crypto Koryo
is $PUMP overvalued at $4b fdv?
to get a better idea, it helps to have a look at projects with >$1b fdv.
generally, the projects with highest fdv are:
1. L1s
2. Stablecoins
3. CEXs
Although it's not excluded that pump launches its own L1 at some point, this hasn't been announced and the market is probably not pricing that rn.
pumpdotfun sits somewhere in the dex/launchpad/memecoin/app categories.
The most comparable projects with >$1b fdv would be:
1/ $uni $8.5b
2/ $shib $8b
3/ $m $7b (MemeCore)
4/ $pepe $5b
5/ $jup $3b
6/ $pengu $2b
7/ $bonk $2b
8/ $ray $1.5b
9/ $fartcoin $1.2b
10/ $cake $1.1b
pump fdv should be somewhere between min $2b (Bonk) and max $8b (Shib/Uniswap)
Now pump has been consistently among top 5 revenue generating apps in the last months and should be a good long-term hold. the main question is about short-term selling pressure from team and early investors.
as with all listings, pump should have a >30% pullback at some point in the first 7 days after tge.
imo below $3b fdv would be a good buy and above $5.5b wouldn't be a great rr.
so my plan after tge is:
1/ if goes down : start scaling below $4b fdv with heavier size below $3b
2/ if goes up: wait for a >30% pullback, provided fdv below <$5b after pullback.
I hear from a little birdie someone just merged $BTC v26.2 (11 months old) into $DGB v8.22.2 to create DigiByte v8.26.0 & is now doing a 1st sync. v8.26.0 w/ many new features, bug fixes, speed increases & full GUI Taproot support. 😎 24,428 commits worth of new features! 🤯
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CR1337
Time to grow the Monero ecosystem.
Time for XMR to shine!
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Convert USD to DGB
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DigiByte price performance in USD
The current price of DigiByte is $0.0084300. Over the last 24 hours, DigiByte has decreased by -1.92%. It currently has a circulating supply of 17,790,800,104 DGB and a maximum supply of 21,000,000,000 DGB, giving it a fully diluted market cap of $149.48M. At present, DigiByte holds the 132 position in market cap rankings. The DigiByte/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
DigiByte (DGB) is a decentralized blockchain that operates on the Unspent Transaction Output (UTXO) model. This model, also adopted by Bitcoin (BTC), offers enhanced privacy and security by making transaction history tracking more complex. DigiByte supports various features such as smart contracts, decentralized applications (dApps), and secure authentication, making it a versatile platform for a range of blockchain-based applications.
What is DigiByte
DigiByte is an open-source blockchain ecosystem that was established in 2013. Its native token, DGB, was mined for the first time in early 2014. DigiByte is inspired by Bitcoin’s technology and draws inspiration from its features. To ensure the security and integrity of the network, DigiByte utilizes five distinct variations of the Proof of Work (PoW) algorithm. These variations include the SHA-256 algorithm, which is also used by Bitcoin, as well as Qubit, Scrypt, Odocrypt, and Skein.
The DigiByte team
DigiByte is a community-driven project with a global network of volunteers and contributors. It encompasses various entities, including the DigiByte Awareness team, the DigiByte Foundation, and the DigiByte Alliance. The project was originally conceived and developed by Jared Tate, also known as the "DigiMan."
How does DigiByte work
DigiByte operates on a multi-algorithm mining approach to ensure decentralization and enhance security. This approach mitigates the risks of centralization and potential security threats. Additionally, DigiByte offers fast payment processing capabilities with its 15-second block creation time, providing quicker transaction confirmations compared to Bitcoin's 10-minute blocks.
DigiAssets, a Layer 2 solution, enables the creation and tokenization of digital assets on the DigiByte network. This L2 platform also supports smart contracts, allowing for the creation and implementation of programmable logic for asset creation, transfer, and other use cases.
Another notable innovation within the DigiByte ecosystem is Digi-ID. Digi-ID is a privacy-oriented authentication protocol that serves as a single form of identification across various Internet of Things (IoT) devices, websites, and applications.
DigiByte’s native token: DGB
Beyond being a medium of exchange, DGB tokens also have additional functions within the ecosystem – DGB tokens are awarded to miners and can be used for issuing and managing digital assets on the DigiAssets protocol layer.
DGB tokenomics and distribution
DGB tokens have a fixed supply of 21 billion, with approximately 78 percent currently in circulation. Out of the total supply, only 0.5 percent (105 million DGB tokens) was pre-mined, with 50 percent of that reserved for ecosystem development. The majority of the total supply, more than 99 percent, is allocated as miner rewards.
DigiByte follows a deflationary token issuance model, where block rewards decrease by 1 percent each month. This gradual reduction in the rate of token issuance over time helps ensure a controlled and sustainable supply growth for DGB tokens.
The future of DigiByte
The future of DigiByte looks promising with its increasing acceptance among merchants, thanks to partnerships like UTrust. The recent extension of DigiByte token support to the Guarda Wallet as loan collateral further validates its popularity and utility.
Additionally, the development of a DigiByte wallet is underway, spearheaded by RenzoDGB, an ecosystem developer. These developments indicate a growing ecosystem and highlight DigiByte's commitment to providing users with improved accessibility and functionality in the future.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 858 new posts about DigiByte, driven by 285 contributors, and total online engagement reached 60K social interactions. The sentiment score for DigiByte currently stands at 68%. Compared to all cryptocurrencies, post volume for DigiByte currently ranks at 4299. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of DigiByte.
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DigiByte FAQ
How much is 1 DigiByte worth today?
Currently, one DigiByte is worth $0.0084300. For answers and insight into DigiByte's price action, you're in the right place. Explore the latest DigiByte charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as DigiByte, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as DigiByte have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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